A5483 — Allows taxpayers to deduct cost of certain depreciable assets under corporation business and gross income taxes.

A5483 — Allows taxpayers to deduct cost of certain depreciable assets under corporation business and gross income taxes. · Informed CitizenryThis bill amends the New Jersey Corporation Business Tax (CBT) and the New Jersey Gross Income Tax (GIT) to allow taxpayers to elect to deduct the full purchase price of certain depreciable busines…Open in Informed Citizenry